ONAR Holding Corporation Issues Letter to Stockholders Outlining a Pivotal Year Ahead

ONAR Holding Corporation (OTC PINK: ONAR) (“ONAR” or the “Company”), an AI-powered marketing platform, today issued the following letter to stockholders from Chief Executive Officer Claude Zdanow. Dear Valued Shareholders, Let me start with the thesis, because everything else in this letter follows from it. The holding company model does not work for the middle market. The big networks were built to serve the Fortune 100, and their economics only make sense at that scale. Everybody else gets the leftovers: a junior team, recycled strategy, and a rate card designed for someone else’s budget. That is most of the market, and it is where most of the growth actually is. Our bet is that AI collapses the cost of doing that work properly. Not by firing people, which is where most of our industry seems to have landed, but by giving good people leverage they have never had. We buy strong agencies, we put our own technology inside them, and the same team serves more clients without us adding headcount at the same pace. That is no longer a slide in a deck. It is showing up in the P&L. The quarter In the first quarter of 2026, revenue grew 39% year over year. Our loss from operations improved 68%. And we used 40% less cash running the business than we did a year ago. For fiscal year 2025, revenue grew 63% and gross profit turned positive. The dollar figures are all in our filings, and I would encourage you to go read them. We are not where we need to be. But you do not get numbers like those out of cost cuts. You get them out of a model that has started to work. Being late, and owning it Our Form 10-K went out later than any of us wanted and I take responsibility for it. We were integrating several acquisitions at once while building the finance function that a multi-subsidiary public company actually requires, and we did not build it fast enough. It was not a reflection of the health of the business. We have since strengthened that function, added people, and fixed our close and audit process so that we do not repeat it. With our first quarter Form 10-Q now on file, we are current in our reporting obligations with the SEC. We were also quiet for several months, and that was deliberate. We were working through a decision that shapes everything else: whether to take ONAR private, or stay public and go after something much bigger. It was not a decision I wanted to rush, and it was certainly not one to narrate in real time. It is made now, and the rest of this letter is what came out of it. What we have actually built Everything we have built lives inside ONAR Labs, our technology division. Three of them matter here. ONAR AI is the platform that runs the company. It is our marketing intelligence layer, and it sits across every agency we own, giving our teams the efficiency I keep coming back to. It is why the same people can take on more clients without us hiring at the same pace, and it is a big reason our loss from operations improved 68% while revenue grew. Here is the part that matters most for how we grow: ONAR AI can be implanted into any agency we acquire. When we buy a business, we do not only add its revenue, we drop our technology into it and lift how the whole thing runs. That is what makes the acquisition model compound rather than just add up. Retina AI is a predictive customer intelligence engine. In plain terms, it tells you what a custom...